The SAIMM is a professional institute with local and international links aimed at assisting members source information about technological developments in the mining, metallurgical and related sectors.
The latest mining world news and project information from Africa. providing updates on the progress of future, new and existing projects. Developments in mining legislation, policies, investments and infrastructure will be highlighted
Mining investment company Meantime Resources has announced admission of its ordinary shares to trading on the Aim market of the LSE. In connection with the admission, the company has successfully raised, in aggregate, gross proceeds of £15-million, by way of an institutional placing of new ordinary shares and warrants and a direct subscription for new ordinary shares and warrants by the management team, nonexecutive directors and certain other investors.
France is set to become Eramet's largest shareholder by increasing its stake during a €500-million ($558.50-million) capital increase later this year, the French mining group said on Monday.
Nickel, manganese and lithium producer Eramet had announced in February it would conduct a capital hike to help recover from a slump in earnings and a jump in debt.
Precious metals and technology company Heraeus Precious Metals says gold has remained under pressure as continued tensions in the Middle East push oil prices higher. In its latest ‘Precious Appraisal’, Heraeus notes that the gold price has remained well below its recently broken $4 250/oz support, while the dollar has strengthened and Brent crude has stayed comfortably above $100/bl.